Ripple (XRP) CEO: US Government Goes After Tether (USDT)!

Are there any dangers for Tether (USDT)?

Brad Garlinghouse, CEO of popular altcoin Ripple (XRP), said in an episode of the World Class podcast that US authorities have increased pressure on Tether and intend to shut down the USDT issuer's operations.

Brad Garlinghouse believes there is a 100% chance of a black swan event in the cryptocurrency market. This event may cause a period similar to the FTX collapse in the industry.

“There is no doubt that the US government is going after Tether. This is very clear to me.

“If this pressure does not stop, the crypto industry will face new large-scale shocks.”

After such harsh statements by Ripple CEO, Tether CEO Paolo Ardoino made a speech. Ardoino, who explained Tether's ecosystem security through his X/Twitter account, attracted attention.

Stating that USDT is the most used stablecoin in the world, Tether CEO also emphasized that they are working jointly with the US authorities.

Tether CEO thinks that Ripple CEO is spreading FUD at many points and claims that Tether company is working hard on security.